NTPC Ltd.

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NTPC wins bid for Avantha Group's power plant in Madhya Pradesh: Report

Date: 07-01-2020

NTPC has reportedly won the bid for Avantha Group's power plant in Madhya Pradesh, with a Rs 1,900 crore offer. The company’s bid was about two and-a-half times more than Adani Power’s offer of Rs 750 crore. This is the first time NTPC has bid for a stressed project.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.